Room prices

Understanding fees and charges in aged care

Moving into an aged care home is a big decision and it is important to gain an understanding of the fees associated with your care and accommodation.

Your fees may vary according to the type of care you require, the home that you choose and your financial situation. We recommend you seek financial advice before entering an aged care home to help choose the right payment option.

To ensure that care is affordable for everyone, the Australian Government calculates and regulates maximum daily fees and enforces limits as to how much you can be asked to pay for accommodation.

Aged care costs can be broken down into three areas:

Living

Living costs include all day-to-day services such as meals, laundry, cleaning and lifestyle activities.

This fee is set out by the Government and equates to 85% of the single person rate of the aged pension. The fee amount will be reviewed on the 20th March and 20th September each year in line with the pension increase. Everyone in aged care is required to pay this fee unless they are experiencing financial hardship which will be determined by Centrelink.

The current Basic Daily Care Fee is $63.57 (effective from 20 September 2024). 

Accommodation

This is for your accommodation in the home. Some residents will pay nothing, and their cost will be paid by the government, while others will need to pay an amount based on the assessment completed by Services Australia following a means assessment.

The maximum accommodation price at Manor Court is $400,000.

For flexibility there are three payment options to choose from:

  1. Daily accommodation payment ($91.61 per day)
  2. Refundable accommodation deposit ($400K)
  3. Combination (e.g., $200K refundable deposit + $45.81 per day) 

Care

Care costs relate to clinical care you will receive while living in aged care – this can be either partially or fully funded by government. 
If you are required to contribute to your care costs, this is known as a means tested care fee and is determined by Services Australia.
 
An estimate of costs can be obtained by completing the Residential Care Fee Estimator on this link.
 

Disclaimer:The information which you calculate from this Calculator is intended for use by you as a guide only, it is not an offer and has no legal effect on any contracts entered into by you ‘ the client’.

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